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Sep 9, 2010
09/10
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KQEH
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as we continue our "budget blues" series tonight, jeff yastine tells us how the lack of tax revenue means higher taxes and fewer services for people in the sunshine state. >> reporter: the human impact of the housing bust is well known-- unemployment, families uprooted, and a steep decline in home prices. now, the financial impact is coming home to roost. south florida is home to many examples, like the city of miami. >> this city has to function, and i don't think any of you want to see this city not function. >> reporter: last week, the city of miami called an emergency budget meeting to consider the unthinkable-- cuts in pay and pension benefits for police and fire-rescue crews. >> when considering voting on cuts in benefits, i would ask the commissioners the following question: how much would you have to be paid in order to risk the thought of not seeing your children or loved ones again, or to save a complete stranger? >> and i am confident that the experiment that is being played on city of miami employees is neither just nor legal. >> reporter: faced with plugging a $105 million bu
as we continue our "budget blues" series tonight, jeff yastine tells us how the lack of tax revenue means higher taxes and fewer services for people in the sunshine state. >> reporter: the human impact of the housing bust is well known-- unemployment, families uprooted, and a steep decline in home prices. now, the financial impact is coming home to roost. south florida is home to many examples, like the city of miami. >> this city has to function, and i don't think any of...
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295
Sep 28, 2010
09/10
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WMPT
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the web, they can call us from their smart phone, they can text us, it's just user friendly. >> reporter: taximagic software can help take the load off a cab company's dispatch system. >> if you can see on the phone where the cab is on it's way to pick you up, you're less likely to call the operator and say, "dude, where's my car?" >> reporter: taximagic began with a business plan to integrate taxi charges into expense account software. but when it launched the taximagic smart phone app, things really took off. the service is now available in 30 metro areas, including san francisco, chicago and los angeles. >> i don't think we would be here if there wasn't such a thing as the iphone. our business was nice of the blackberry and nice on the web, but when the iphone came out was when everything went crazy. >> reporter: and just as everything was getting going, the financial crisis hit. but with backing from expense account software firm concur and other investors, taximagic weathered the storm. >> it was super tough. we had our second round of investment lined up over the summer of '08, and
the web, they can call us from their smart phone, they can text us, it's just user friendly. >> reporter: taximagic software can help take the load off a cab company's dispatch system. >> if you can see on the phone where the cab is on it's way to pick you up, you're less likely to call the operator and say, "dude, where's my car?" >> reporter: taximagic began with a business plan to integrate taxi charges into expense account software. but when it launched the...
816
816
Sep 22, 2010
09/10
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WETA
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the stadium has been using the gillette name since it opened in 2002. >> jeff: here's some good news for older homeowners. beginning next month, the federal housing administration will offer a new form of reverse mortgage, featuring lower up- front costs on smaller loans. reverse mortgages are already popular with seniors, but they do have some special conditions. in tonight's "money profiles" segment, benno schmidt looks at one elderly man's experience, and how he nearly lost his home: >> it makes me sick. >> reporter: it's a bittersweet homecoming for 83-year-old louis gouveia. >> how could anybody do this to somebody? >> reporter: several months ago, the north miami home the world war ii veteran bought in 1961 was ransacked by intruders, who trashed the property. >> somebody's been sleeping here. >> reporter: years earlier, the house had been paid off. it was home to the decorated serviceman and his wife for decades. this was taken in 1958 in the everglades. but when his wife of 48 years passed away, gouveia found himself alone and in debt--- badly needing cash. >> hey, i was brok
the stadium has been using the gillette name since it opened in 2002. >> jeff: here's some good news for older homeowners. beginning next month, the federal housing administration will offer a new form of reverse mortgage, featuring lower up- front costs on smaller loans. reverse mortgages are already popular with seniors, but they do have some special conditions. in tonight's "money profiles" segment, benno schmidt looks at one elderly man's experience, and how he nearly lost...
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572
Sep 29, 2010
09/10
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WETA
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Ü$ >> susie: the recession has had a big impact on us-- and not just our bank accounts. for some people, the financial crisis has strained personal relationships. with that in mind, tonight's "money file" looks at a financially friendly alternative to divorce court. here's julie stav, senior financial expert at univision. >> going through a divorce is never easy, but in what may be the worst economic downturn most of us have ever experienced, breaking up can be even more financially devastating due to increasing legal fees, overcrowded court calendars and the reduced values of homes, investments and retirement accounts. but, as it often occurs, out of desperation comes inspiration. and, according to recent studies by the institute for divorce financial analysts, only 1% of the cases using alternative divorce methods cost couples more than $15,000, compared with 11% of litigated cases. this new process, also called mediation, takes the litigation out of the courtrooms and replaces it with consultations in the offices of professionals like financial planners, mental- healt
Ü$ >> susie: the recession has had a big impact on us-- and not just our bank accounts. for some people, the financial crisis has strained personal relationships. with that in mind, tonight's "money file" looks at a financially friendly alternative to divorce court. here's julie stav, senior financial expert at univision. >> going through a divorce is never easy, but in what may be the worst economic downturn most of us have ever experienced, breaking up can be even more...
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Sep 22, 2010
09/10
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KQED
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jeff yastine joins us. the federal reserve kept its key interest rate at zero, but said it's ready to take action to boost the economy when the time is right. that announcement came today as the fed wrapped up its policy meeting in washington. susie, one thing that stood out at this meeting is the fed is getting more worried about inflation. the problem is, inflation is too low, and below what the fed considers acceptable. >> susie: that could be the catalyst for the fed to pump more money into the economy. so what will the central bank do next? suzanne pratt reports. >> reporter: two more meetings. one two-day event in early november, the other in mid december. that's the window the fed has left this year to boost the economy. but, whether the central bank eases monetary policy in the next few months depends on what happens with the economy. and, fed watcher dana saporta says it's clear now that policymakers have linked their next move to inflation, or more specifically, the lack of it. >> i think the fed
jeff yastine joins us. the federal reserve kept its key interest rate at zero, but said it's ready to take action to boost the economy when the time is right. that announcement came today as the fed wrapped up its policy meeting in washington. susie, one thing that stood out at this meeting is the fed is getting more worried about inflation. the problem is, inflation is too low, and below what the fed considers acceptable. >> susie: that could be the catalyst for the fed to pump more...
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Sep 9, 2010
09/10
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KQED
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coming up, he'll tell us what stocks he's buying. >> susie: b.p. today released its own findings about what went wrong on the deepwater horizon rig. the oil giant takes some responsibility for the deadly disaster, but says it was a chain of events involving multiple companies that led to the accident. b.p. began its investigation immediately after the explosion and released the results today in a 200-page report. stephanie dhue has more. >> reporter: today's report says the problem started with a bad cement job that caused dangerous gases to leak into the well undetected. crew members misread tests and thought the well was under control, and didn't act until it was too late. the blowout preventer, which should have sealed the well, failed. b.p. took responsibility for its decisions on the rig, but also blamed halliburton for the cement job and rig operator transocean, which maintained the blowout preventer. transocean called b.p.'s report a "self-serving attempt to conceal... b.p.'s fatally flawed well design." b.p. says the well design is sound an
coming up, he'll tell us what stocks he's buying. >> susie: b.p. today released its own findings about what went wrong on the deepwater horizon rig. the oil giant takes some responsibility for the deadly disaster, but says it was a chain of events involving multiple companies that led to the accident. b.p. began its investigation immediately after the explosion and released the results today in a 200-page report. stephanie dhue has more. >> reporter: today's report says the problem...